Did you invest with CBI Property Income Corp?

CAL01-847331-v4-OM_15_Property_Income_Corp__December_20_2010 I am an investor of the PIC and have been told by CBI today  April 10, 2012 that I will not receive the March 2012 interest payment for our   PIC investment and that CBI is looking at an exit strategy as no further interest payments will be made….. and that our maturity date will not be reached.  Has anyone else been communicated this from CBI? We were told that no communication would be going out to the investors (PIC note holders as per Lawyers Request) until they have plan in place. Other news : Frank  Capital ( was CBI Capital has been shut down by the Alberta Security Commission)  This is Troubling as it is part of the CBI Group…  http://www.newswire.ca/en/story/927647/asc-suspends-frank-capital-partners-registration

http://www.albertasecurities.com/news/Lists/ASC%20News/DispForm.aspx?ID=1025

I was told by a person at the Alberta Security Commission to get a Lawyer as when Dividends stop coming in it usually means something is up.

We thought it would be good set this site up so we investors could communicate with each other and have a collective knowledge of what the &*^%%% is going on.
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Please post your Questions here or let us know a cmaeb@sympatico.ca what issues you are having.

 

 

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